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Oct 14, 2012
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senator obama? >> well, oliver, first, let me tell you what's in the rescue package for you. right now, the credit markets are frozen up and what that means, as a practical matter, is that small businesses and some large businesses just can't get loans. if they can't get a loan, that means that they can't make payroll. if they can't make payroll, then they may end up having to shut their doors and lay people off. and if you imagine just one company trying to deal with that, now imagine a million companies all across the country. so it could end up having an adverse effect on everybody, and that's why we had to take action. but we shouldn't have been there in the first place. now, i've got to correct a little bit of senator mccain's history, not surprisingly. let's, first of all, understand that the biggest problem in this whole process was the deregulation of the financial system. senator mccain, as recently as march, bragged about the fact that he is a deregulator. on the other hand, two years ago,
senator obama? >> well, oliver, first, let me tell you what's in the rescue package for you. right now, the credit markets are frozen up and what that means, as a practical matter, is that small businesses and some large businesses just can't get loans. if they can't get a loan, that means that they can't make payroll. if they can't make payroll, then they may end up having to shut their doors and lay people off. and if you imagine just one company trying to deal with that, now imagine a...
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Oct 7, 2012
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senator obama voted against it. some people have said that mortgage- holders really paid the price. >> well, mortgage-holders didn't pay the price. only 10% of the people who are -- have been affected by this whole switch from chapter 7 to chapter 13 -- it gets complicated. but the point of this -- barack obama saw the glass as half- empty. i saw it as half-full. we disagreed on that, and 85 senators voted one way, and 15 voted the other way. but here's the deal. barack obama pointed out two years ago that there was a subprime mortgage crisis and wrote to the secretary of treasury. and he said, "you'd better get on the stick here. you'd better look at it." john mccain said as early as last december, quote -- i'm paraphrasing -- "i'm surprised about this subprime mortgage crisis," number one. number two, with regard to bankruptcy now, gwen, what we should be doing now -- and barack obama and i support it -- we should be allowing bankruptcy courts to be able to re-adjust not just the interest rate you're paying on you
senator obama voted against it. some people have said that mortgage- holders really paid the price. >> well, mortgage-holders didn't pay the price. only 10% of the people who are -- have been affected by this whole switch from chapter 7 to chapter 13 -- it gets complicated. but the point of this -- barack obama saw the glass as half- empty. i saw it as half-full. we disagreed on that, and 85 senators voted one way, and 15 voted the other way. but here's the deal. barack obama pointed out...
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Oct 14, 2012
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senator, arlen specter, pa., has died. in august announced he was battling cancer. over the years he fought two previous bouts with non hodgkin's lymphoma. he was elected to five terms as senator and was the longest serving senator in pennsylvania history. a republican for most of the time, he became a democrat in 2009. he was born in wichita, kan., in 1930, and served in the u.s. air force. he received a law degree from yale university, worked on the warren commission, and practiced law before becoming district attorney in philadelphia. he was 82 years old. reaction is starting to come in. senator john mccain posted on twitter -- arlen specter, a dear friend to serve his state with honor and distinction, r i p on friday, secretary of state hillary clinton told reporters that there is still much that the administration does not know about the september 11 attack on the consulate in libya. earlier in the week the oversight committee heard testimony from department officials on whether the level of security there was adequate prior to the attack. here is a portion of
senator, arlen specter, pa., has died. in august announced he was battling cancer. over the years he fought two previous bouts with non hodgkin's lymphoma. he was elected to five terms as senator and was the longest serving senator in pennsylvania history. a republican for most of the time, he became a democrat in 2009. he was born in wichita, kan., in 1930, and served in the u.s. air force. he received a law degree from yale university, worked on the warren commission, and practiced law before...
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Oct 7, 2012
10/12
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president barack obama and republican presidential candidate mitt romney faced off wednesday night in the first of three presidential debates. the debate was held at the university of denver and hosted by jim lehrer and focused on domestic policy issues. this is about one hour and a half. >> lets have a terrific evening for all of you and our country. arena. i welcome you to the first presidential debate between president barack obama and the republican nominee mitt romney. this debate and the next three are sponsored by the commission on presidential debates. about domestic issues and will follow a format designed by the commission. there will be six 15-minute segments with two-minute answers the segment. thousands of people offered suggestions on questions via the internet and other means. i made the final selections. they were not submitted for approval to the commission or the candidates. the economy -- one each on health care, the role oftre will be an emphasis throughout on differences, specifics, and choices. closing statements. the audience has promised to remain silent. no ch
president barack obama and republican presidential candidate mitt romney faced off wednesday night in the first of three presidential debates. the debate was held at the university of denver and hosted by jim lehrer and focused on domestic policy issues. this is about one hour and a half. >> lets have a terrific evening for all of you and our country. arena. i welcome you to the first presidential debate between president barack obama and the republican nominee mitt romney. this debate...
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Oct 13, 2012
10/12
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the obama administration had two years of republican house and senate and they did not introduce the same reforms that had been introduced before. >> this is all politics. we are not the world police. we are not supposed to be the world police. you go back to george washington and he was saying, to not be the world police. what i want to know from the congressman is, will he admit he got hoodwinked on iraq? the government sold us a bill of goods about weapons of mass destruction for a country that has the gdp of a small city that was no threat there. it was no threat made or no ability to harm the united states, but here we are nine years into a war in iraq for 4,500 servicemen dead. he got faked out on that one. that is something we should not have been involved in. i wonder if the congressman would admit he was wrong? >> hindsight is 20/20. you had virtually the entire congress move along with the resolution to go to war. >> there is something happening in iran with nuclear weapons that is getting a lot of attention. how can we handle the threat of nukes in iran? >> right now there
the obama administration had two years of republican house and senate and they did not introduce the same reforms that had been introduced before. >> this is all politics. we are not the world police. we are not supposed to be the world police. you go back to george washington and he was saying, to not be the world police. what i want to know from the congressman is, will he admit he got hoodwinked on iraq? the government sold us a bill of goods about weapons of mass destruction for a...
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Oct 13, 2012
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joining them is senator portman. [applause] >> are you ready to win? we have to win. it is too important to our families, community, and country. we cannot afford another four years of barack obama. we all want to win. we have to win. let me ask you something today. are you planning to do everything you can in the next 25 days to ensure a victory in the key state of ohio? [applause] are you willing to make phone calls for mitt? are you willing to go door to door? are you willing to put up one of these signs in your yard for mitt? i need you to early vote. go to the board of elections on monday morning. you can vote now. that insures you will have plenty of time on election day to help us get other people to vote. will you do that? i think when you talk to people, you will find they're paying attention. one reason is we have had to the great debates in the last eight days. do you agree with me on that? [applause] the american people are seeing what the comeback team is all about. last night, we had a terrific performance from paul ryan. on the stage, the leader was pau
joining them is senator portman. [applause] >> are you ready to win? we have to win. it is too important to our families, community, and country. we cannot afford another four years of barack obama. we all want to win. we have to win. let me ask you something today. are you planning to do everything you can in the next 25 days to ensure a victory in the key state of ohio? [applause] are you willing to make phone calls for mitt? are you willing to go door to door? are you willing to put up...